Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
VA Tech Wabag Limited is an India-based company, which is engaged in the water treatment field. The Company’s principal activities include design, supply, installation, construction and operational management of drinking water, wastewater treatment, industrial water treatment and desalination plants. Its segments include India and the Rest of the World. The business of the Company is to provide solutions for drinking water treatment, industrial and process water treatment, water reclamation, sea and brackish water desalination, municipal wastewater treatment, industrial wastewater treatment and sludge treatment. It provides total water solutions for municipalities and various industries. The Company, under its build-own-operate-transfer (BOOT) model, provides solutions for financing, construction and operation of water and wastewater projects. It undertakes engineering procurement and construction (EPC) projects, providing services ranging from conceptualizing to commissioning.
VATE - Va Tech Wabag Ltd
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